Answer:
Competitiveness.
Explanation:
Competitiveness can be defined as a term which describes the ability of a firm or industry, under free and fair market conditions, to design, produce, and market goods and services that are better and/or cheaper than those of other firms or industries.
It is simply a characteristic which give firms the ability to perform better than their rivals in the provision of goods and services in a market.
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative is differential cost.
<h3>What is Differential Cost?</h3>
- Differential cost is the difference in costs between two possible decisions.
- The expense arises when a company must choose between multiple similar choices and choose one while rejecting the others.
- When faced with such circumstances, corporate executives must compare the costs and profits of each alternative to determine which is the most practical.
- The expenses incurred to produce a product are referred to as its cost.
- Direct labor, direct materials, consumable production supplies, and factory overhead are all included in these prices.
- The cost of the labor necessary to provide a service to a customer can also be considered when calculating product cost.
- In the latter scenario, all expenses associated with a service, such as compensation, payroll taxes, and employee benefits, should be included in the product cost.
- Costs that cannot be recognized on a company's balance sheet are referred to as period costs.
- In other words, they are recorded as an expense on the income statement in the period in which they are incurred. Some of the examples of Period cost are CEO salary, Marketing expense, selling, general and administrative expense.
- If necessary, a business or household can live without a discretionary expense.
- Nonessential spending is sometimes used to identify discretionary costs. This indicates that even if all discretionary consumer spending is stopped, a business or household can continue to function.
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Answer:
Expected return = 3.78%
Explanation:
Given:
Expected returns Probabilities of being correct
6% 35%
- 6% 8%
8% 17%
2% 40%
Now,
Expected return is calculated as:
= Summation of [ Return × Probability ]
therefore,
Expected return
= ( 0.06 × 0.35 ) + ( -0.06 × 0.08 ) + ( 0.08 × 0.17 ) + ( 0.02 × 0.40 )
= 0.021 - 0.0048 + 0.0136 + 0.008
= 0.0378
or
= 0.0378 × 100%
or
Expected return = 3.78%
Answer:
True
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
There are low barriers to entry r exit of firms. So, if a firm is earning economic profit in the short run, in the long run, more firms would enter into the industry.
examples of monopolistic competition are restaurants
The fact that mutual funds provide small investors with a diverse portfolio and experienced management is one of their appealing qualities.so statement is true.
<h3>What draws small investors to mutual funds?</h3>
Investors have access to a greater variety of investments through mutual funds than they could on their own. By pooling your funds, you may take advantage of economies of scale. The monthly contributions improve the investor's assets. Funds are more liquid because they are often less volatile.
The ability to diversify and thereby distribute risk over a number of investments is one of the reasons mutual funds are so well-liked by investors. People are drawn to mutual funds because they provide an opportunity for typical individuals to invest in professionally managed funds.
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